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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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LEXINGTON STATE BANK
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEXINGTON STATE BANK |
| Address | 38 W. FIRST AVENUE
LEXINGTON, NC 27292 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 958 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $127,925,000 |
| Average Mortgage Loan Amount Applied For | $193,766 |
| Highest Mortgage Loan Amount Applied For | $1,140,000 |
| Average Applicant Income | $138,333 |
| Highest Applicant Income | $6,556,000 |
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| Home Improvement |
118 | $2,612,000 |
$22,000 | $390,000 |
$66,000 | $1,175,000 |
| Home Purchase |
512 | $87,640,000 |
$171,000 | $1,140,000 |
$130,000 | $6,556,000 |
| Refinancing |
330 | $37,798,000 |
$114,000 | $862,000 |
$81,000 | $3,775,000 |
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| American Indian or Alaskan Native |
1 | $8,000 |
$8,000 | $8,000 |
$51,000 | $51,000 |
| Asian |
11 | $1,225,000 |
$111,000 | $242,000 |
$43,000 | $92,000 |
| Black or African American |
24 | $2,048,000 |
$85,000 | $380,000 |
$66,000 | $198,000 |
| Hispanic |
23 | $2,073,000 |
$90,000 | $290,000 |
$40,000 | $126,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
37 | $4,540,000 |
$122,000 | $880,000 |
$760,000 | $6,556,000 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
864 | $118,156,000 |
$136,000 | $1,140,000 |
$81,000 | $3,775,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
960 | $128,050,000 |
$133,000 | $1,140,000 |
$106,000 | $6,556,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
110 | $17,373,000 |
$157,000 | $872,000 |
$71,000 | $489,000 |
| Application Denied By Financial Institution |
158 | $14,981,000 |
$94,000 | $380,000 |
$42,000 | $222,000 |
| Application Withdrawn By Applicant |
4 | $260,000 |
$65,000 | $125,000 |
$153,000 | $480,000 |
| File Closed For Incompleteness |
6 | $1,051,000 |
$175,000 | $400,000 |
$75,000 | $185,000 |
| Loan Originated |
682 | $94,385,000 |
$138,000 | $1,140,000 |
$126,000 | $6,556,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
18 | $2,032,000 |
$112,000 | $290,000 |
$50,000 | $222,000 |
| Credit Application Incomplete |
7 | $1,427,000 |
$203,000 | $370,000 |
$58,000 | $131,000 |
| Credit History |
96 | $7,932,000 |
$82,000 | $380,000 |
$40,000 | $122,000 |
| Debt-To-Income Ratio |
24 | $2,102,000 |
$87,000 | $365,000 |
$44,000 | $136,000 |
| Employment History |
1 | $217,000 |
$217,000 | $217,000 |
$92,000 | $92,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $149,000 |
$74,000 | $88,000 |
$39,000 | $60,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $936,000 |
$117,000 | $225,000 |
$27,000 | $83,000 |
| Unverifiable Information |
2 | $186,000 |
$93,000 | $127,000 |
$56,000 | $59,000 |
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Mortgage Loan App Totals for LEXINGTON STATE BANK by:
Metropolitan Area And
County
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